Chocolate Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case The following information relates to the budget for Chocolate Muffins for this year (all figures are annual totals unless otherwise noted) The budget information Budgeted sales in cases 6,800 cases Packaging cost per case $3 Shipping expense per case $1 Sales commission expense 4 of sales price Salaries expense $6,700 Office rent $3,400 Depreciation $2,900 Insurance expense $2,400 Office supplies expense $900 View the actual expenses (in total) from this year Packaging cost $23,400 Shipping expense $8,500 Sales commission expense $9,900 Salaries expense $8,100 Office rent $3,400 Depreciation $2,900 Insurance expense $2,000 Office supplies expense $1,000 During the year, Chocolate Muffins actually sold 7,500 cases, resulting in total sales revenue of $247,500 Construct a flexible budget performance report for Chocolate Muffins for the year Be sure to indicate whether each variance is favorable (F) or unfavorable (U)

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Chocolate Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the

Chocolate Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the budget for

Chocolate Muffins for this year (all figures are annual totals unless otherwise noted):

The budget information.

Budgeted sales in cases. . . . . .	6,800 cases
Packaging cost per case. . . . . .	$3
Shipping expense per case. . . .	$1
Sales commission expense. . . .	4% of sales price
Salaries expense. . . . . . . . . . . .	$6,700
Office rent. . . . . . . . . . . . . . . . .	$3,400
Depreciation. . . . . . . . . . . . . . .	$2,900
Insurance expense. . . . . . . . . .	$2,400
Office supplies expense. . . . . .	$900

View the actual expenses (in total) from this year.

Packaging cost. . . . . . . . . . . . . .	$23,400
Shipping expense. . . . . . . . . . . .	$8,500
Sales commission expense. . . . .	$9,900
Salaries expense. . . . . . . . . . . . .	$8,100
Office rent. . . . . . . . . . . . . . . . . .	$3,400
Depreciation. . . . . . . . . . . . . . . .	$2,900
Insurance expense. . . . . . . . . . .	$2,000
Office supplies expense. . . . . .	$1,000

During the year, Chocolate Muffins actually sold 7,500 cases, resulting in total sales revenue of $247,500.

Construct a flexible budget performance report for Chocolate Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U).